Wealth Enhancement Advisory Services LLC increased its stake in United Airlines Holdings, Inc. (NASDAQ:UAL – Free Report) by 4.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The company owned 20,289 shares of the transportation company’s stock after purchasing an additional 873 shares during the same period. Wealth Enhancement Advisory Services LLC’s holdings in United Airlines were worth $987,000, according to the company’s most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their holdings in the stock. Friedenthal Financial acquired a new position in United Airlines in the second quarter valued at $732,000. Czech National Bank increased its position in shares of United Airlines by 8.6% in the second quarter. Czech National Bank now owns 62,656 shares of the transportation company valued at $3,049,000 after buying an additional 4,942 shares in the last quarter. Carolina Wealth Advisors LLC increased its holdings in United Airlines by 12.2% in the second quarter. Carolina Wealth Advisors LLC now owns 12,185 shares of the transportation company valued at $593,000 after buying an additional 1,327 shares in the last quarter. Avondale Wealth Management increased its position in United Airlines by 17.5% in the second quarter. Avondale Wealth Management now owns 16,750 shares of the transportation company’s stock valued at $815,000 after purchasing an additional 2,500 shares in the last quarter. Finally, OLD National Bancorp IN increased its stake in United Airlines by 1.5% in the second quarter. OLD National Bancorp IN now owns 152,084 shares of the transportation company’s stock valued at $7,400,000 after purchasing an additional 2,174 shares in the last quarter. 69.69% of the shares are owned by institutional investors and hedge funds.
Price development of United Airlines shares
NASDAQ:UAL shares opened at $41.76 on Wednesday. The company’s 50-day moving average is $45.90 and its 200-day moving average is $47.05. United Airlines Holdings, Inc. has a 52-week low of $33.68 and a 52-week high of $56.17. The company has a market cap of $13.73 billion, a price-to-earnings ratio of 5.16, a PEG ratio of 0.68 and a beta of 1.44. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.77 and a quick ratio of 0.71.
United Airlines (NASDAQ:UAL – Get Free Report) last released its earnings results on Wednesday, July 17. The transportation company reported earnings per share of $4.14 for the quarter, beating the consensus estimate of $3.97 by $0.17. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The company had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same period last year, the company posted earnings per share of $5.03. The company’s revenue for the quarter increased 5.7% compared to the same quarter last year. Overall, sell-side analysts forecast that United Airlines Holdings, Inc. will report earnings per share of $9.63 for the current year.
Analysts set new price targets
UAL has been the subject of a number of research analyst reports. TD Cowen raised their price target on shares of United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 17. Wolfe Research raised United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a research note on Friday, May 17. StockNews.com upgraded United Airlines from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24. HSBC began coverage on shares of United Airlines in a research report on Monday, May 13. They gave a “buy” rating and a $69.20 price target on the stock. Finally, Redburn Atlantic raised shares of United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Thursday, June 6. Two research analysts have rated the stock with a “hold” rating and thirteen have given the company’s stock a “buy” rating. According to data from MarketBeat, the stock has an average rating of “moderate buy” and a consensus price target of $71.68.
Read our latest stock analysis on UAL
About United Airlines
(Free report)
United Airlines Holdings, Inc., through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East and Latin America. The company transports passengers and cargo with its mainline and regional fleets. It also provides catering, ground handling, flight academy and maintenance services to third parties.
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